Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1887-04-16
ifs 1islSO1AE CoNDifiOs.


ne vssss safely revss.sd end No Osbss.
Whss Uaa ~ Dose Per ffushlSn
anA nossshsil college.
Rev. Dr. +. q. Apple in Reformed ~ ssenger.
The question 10 sometimes asked whether
the funds Of franklin and Marshsll college
arc safely invested, ana whether the college
10 paying expenses ~ running Into debt. To
these questions most satisfactory answers can
be given. There IL no corporation more caro-
full Of iS sacred trusts than the b,ard OF
trustees OF franklin and Msrshali college.
fts finance committee II composed OF the very
best mon for the work entrusted 70 them,
with Hon. A. Herr Smith "a chairman, sue.
ceasOr 10 Hon. Thomas E. franklin, dc.
ceased. And the board and the church arc
greatly indebted n Mr.. jacob Bausman for
the able, cautious, and sa'e manner In which
hs has filed the office OF treasurer Not Q
cent Oi the endowment hes ut Or y time beon
riskod or Loaf All the securities are II st
class, the nuauce cOTmittee and the treasurer
preferring 70 draw moderate dividends N
running any risk for the sake OF resliz'ng
higher rates Of interest. For oil who are &C.
quaintod with the financial msna9ement OF
the hoard no such statement ~ this n needed,
but We give II for the satisfaction Of such a.
may not enjoy this acquaintance
Ia regard - the second point ws may add
that the college hes no debts and It n not
running into debt Tho income 70 safilck n.
70 pay ali current expenses. Why then In
the church asked 70 endow the presidency
Tho reason is plain. II swell known that
Nsvin served The college Without salary,
drawing salary only for his services in the
seminary. When the present incuDb bout
IVES elected II was without stipulated salary,
also; although the board hes generously
voted him an allowance Of several hundred
dollars yearly, drawn from the funds OF
another professorship. This arrangement
with the theological seminary has enabled
A. a.
in the college faculty, in return for which, in
part at least, the seminary II allowed to
occupy lecture rooms in the college building.
but the death OF the beloved an4 veD0rated
Dr. Nevin raised the question whether re.
spect for his memory aud regard for his
work for the college do not require the on.
dowment OF the chair he filled, 10 that the
president Of the college, whoever he may be,
may devote his whole time and labor 70 the
duties OF that office independent Of the som.
mary. This reasonable request II made now
both % tribute 70 the memory Of DR.. Nevin
and for the greater efficiency Of the college
faculty. That chair being endowed the col.
iege faculty will have oil It's positions pro.
vided for bay ond any contingency.
Thus II viii he seen that the financial con
dition OF the college is In all respects salts.
factory and secure. The amount given as
necessary tor the endowment OF the presi.
dency, $40 600, yielding an income, ut present
rates. on safe investment, for his salary, OF
q, 900 may seem large, but 1t must be borne
In mind that the partial retirement OF Pro.
lessor VIM. M. Nevin and the continuance o.
partial salary for him, together with the
streng gthening OF the faculty by the appoint
ment OF an adjunct professor in the depart
ment OF English literature, will require
some additional funds, and II the az OO may
appear too large for the president, . por. |
tion OF 1t will be required, and used Tor
time, perhaps, to defray this add ditional ex. |
penss. The able and popular adjunct pro.
fessor consented to serve for year on bali |
al k,,t 4, II ut CppfiOn0 lOnUQP with. L
out being increased. In order, therefore, to
provide for all requirements this sum IL
asked, and II 1t is raised the college VIII
be able to maintain its enlarged faculty With
out running into debt. This il GER |
tainiy Q very moderate and reasonable
amount TO Ask from three large and wealthy |
synodA II properly distributed sanong the
churches, counting at the same time on literal
contributions from some wealthy friends OF L
the college, 1t can certainly be raised without /
being burden. 1t would indeed be humil.
iating II the iervor aud zeal manifested, and
deserv edly, In the historical epoch OF the
centennial and semi centennial OF the col
legs should expend Itself and fail TO raise this
sum.
As regards the other objects set before the |
church, the one IL Of extreme necessity, viz,
the erection OF scientlhc building ior the
purpose mainly OF q chemical laboratory.
Prof Stair has fully aud ably stated this ne
cessity. Hut this object requires no large
sum. From ten to fifteen thousand 10 .
small minimum, enu u ID 10 DO noPou that
some wealthy friend OF the college, or a few
such friends, will cheerfully provide for this
pressing want, even on Q somewhat more
liberal scale than II indicated by the lowest /
sun required. With the elegantly equipped
Daniel Scholl astronomical obse, vstory,
erected mainly Dy the muniticent donation
of q lady, ana this contemplated scientific |
building, the college Will be amply provided |
to carry forward the scientific department i
according TO the requirements OF the age, /
and abreast with the best colleges OF the /
country. We have here then some $4,000
or $55, 900 ~ the minimum asked for IN the
centennial Year. IL 1t too much for the
ability Of the church Dickinson college
raised SlOO 900 in her centennial q few years
ago. Heidelberg college at Tlthn, o., raised
SO, 900 or SEQ, 900 . year or two ago Tor one
new building, mainly within me oounds OF
one =, nod, tns Ohio synod, about equa. IN
mum bers to the Potomac synDa In the East
IL It. then, too much to ask from the three
Eastern synOds, embracing perhaps two.
thirds OF TIL meulbershiP OF the whole
church. q a. lest ioI Or or nv1 amss u, .sa the me
= the outcome Of the centennial thanksglV-
ing c. Iteration
Was there not still another want named by
the ,iumni? Yes, but not necessity In the
same sense a. the other two obj cts named
A ii Q troof library building, fr libraries,
museum cabinets, tSo, would be Q great ad |
dition 70 the buildings on the campus, and
serve very impoI tant purpose, one part OF
Wutcn Woulu DO tuo s'Cuthk AoA W. o"hoSo
one OF the best museums la the state, valued i
at Hys thousand dollars This 10 quite i
worthy e being erected and named tho
Memorial Library hall, by some one who
mi hit thus consecrate the memory 4 de
parted friend, or erect mo uinent to fam. /
lily name But II this il MT done the college
can wait
Let us make sure at least OF what Ia so |
necessary that the college cannot but suffer |
for the want OF Il.
But there ia the ssminary scheme! Yea
tnat wa. fairly projected and endorsad by /
the synOds before the centennial year came Il
round. We hope It will also be realized, and /
without delay at least ne new protessOrship
be successfully endowed, ami II the Potomac
cused ,or lssssning to that extent h. dons-
tiOn to the collie = but discOuh ting thst, the
centennial obi cs cat still easily bs resliz'd.
The Lord, In hia prOvidsnc sent this cen.
,ennisl epoch to the church. aud time and